Neptune Digital Assets (CVE:NDA) Trading Down 16.6% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA) was down 16.6% during mid-day trading on Tuesday . The stock traded as low as C$1.20 and last traded at C$1.31. Approximately 1,149,776 shares traded hands during trading, a decline of 8% from the average daily volume of 1,248,068 shares. The stock had previously closed at C$1.57.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Price Performance

The business has a 50-day moving average of C$1.52 and a 200 day moving average of C$0.89. The company has a market cap of C$170.14 million, a PE ratio of 27.93 and a beta of 3.25.

About Neptune Digital Assets

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.